Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished marginally higher on Sunday, the opening day of the week as some optimistic investors took position on some large-cap stocks.
After witnessing volatility in the first hour of trading, rest of the session went up steadily, ultimately closed marginally higher.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,709.63 points, advancing 8.31 points or 0.18 percent over the previous session.
However, the two other indices closed slightly lower. The DS30 comprising blue chips fell 2.77 points or 0.15 percent to settle at 1,764.77 points.
The DSE Shariah Index (DSES) dropped 0.31 point or 0.03 percent to close at 1,123.28 points.
Turnover, the important indicator of the market, also rose to BDT 4.84 billion, which was 18.62 percent higher than the previous session’s turnover of BDT 4.08 billion.
The gainers took a modest lead over the losers as out of 323 issues traded, 1347closed higher, 135 closed lower and 51 remained unchanged on the DSE trading floor.
Titas Gas Transmission and Distribution Company dominated the DSE turnover chart with some 5.29 million shares worth nearly BDT 268 million changing hands, followed by National Bank BDT 179 million, Bangladesh Steel Re-rolling Mills BDT 161 million, Bangladesh Building Systems BDT 123 million and MJL Bangladesh BDT 111.
Hakkani Pulp and Papers was the day’s best performer, posting a 9.95 percent gain, while Shympur Sugar Mills was the worst loser, slumping by 4.76 percent.
The port city bourse, the Chittagong Stock Exchange (CSE) also finished marginally higher with its Selective Categories Index- CSCX – advancing 29.88 points to settle at 8,817.18 points.
Gainers beat losers as 113 issues closed higher, 100 closed lower and 31 remained unchanged on the CSE.
The port city bourse traded 12.83 million shares and mutual fund units’ worth over BDT 312 million in turnover.
BBN/SSR/SR